The GBPJPY pair concluded yesterday’s session with another negative close below the 193.30 level, reinforcing the previously anticipated bearish outlook. The pair is currently fluctuating near 161.60.
With negative momentum supported by key technical indicators, the bearish trend is likely to persist. The next potential targets for the downside are 190.60 and 189.70.
The expected trading range for today is between 189.70 and 192.00.
Trend Forecast: Bearish
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